SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) insider David M. Orbach acquired 10,000 shares of SR Bancorp stock in a transaction dated Tuesday, March 18th. The shares were bought at an average cost of $11.58 per share, with a total value of $115,800.00. Following the completion of the purchase, the insider now owns 188,032 shares in the company, valued at approximately $2,177,410.56. This represents a 5.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
SR Bancorp Stock Up 0.9 %
Shares of SR Bancorp stock traded up $0.11 on Monday, hitting $11.90. 9,206 shares of the company traded hands, compared to its average volume of 24,950. SR Bancorp, Inc. has a 12-month low of $8.94 and a 12-month high of $12.76. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.15. The company has a market cap of $109.94 million, a PE ratio of 198.37 and a beta of 0.91. The company has a 50-day moving average price of $12.01 and a 200 day moving average price of $11.52.
SR Bancorp (NASDAQ:SRBK - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter. SR Bancorp had a return on equity of 0.21% and a net margin of 0.95%.
SR Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, March 31st.
Institutional Investors Weigh In On SR Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of SRBK. Mink Brook Asset Management LLC acquired a new stake in SR Bancorp in the 4th quarter worth $3,384,000. Geode Capital Management LLC increased its stake in SR Bancorp by 30.7% during the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company's stock valued at $1,041,000 after acquiring an additional 21,930 shares during the period. Fourthstone LLC acquired a new position in SR Bancorp in the 3rd quarter valued at approximately $756,000. Finally, Northern Trust Corp lifted its position in shares of SR Bancorp by 34.3% in the 4th quarter. Northern Trust Corp now owns 18,592 shares of the company's stock worth $221,000 after acquiring an additional 4,748 shares during the period. Institutional investors and hedge funds own 24.70% of the company's stock.
About SR Bancorp
(
Get Free Report)
SR Bancorp, Inc operates as the holding company for Somerset Regal Bank that provides customary retail and commercial banking services to individuals, businesses, and local municipalities in the communities of Somerset, Middlesex, Hunterdon, and Essex counties in New Jersey. It offers deposit instruments, including noninterest-bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit.
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